Quantitative Easing: Misunderstood by Popular Demand

Here's a video. You've probably seen it already.

I tripped across it some time ago and dismissed it as, well, wrong. When you base your criticisms on elements that are factually inaccurate, you fail. It's as simple as that. Sadly, last night I caught up a bit with my podcast list and heard kmo chatting with Jim Kunstler about the current failings our economy is suffering, and heard once again that video, now spliced as audio into the middle of the podcast. I think Mr. Kunstler understands far better than most why that video is factually inaccurate, but he chose not to address the inconsistencies and instead shared a hearty chuckle.

But understanding the video's failings proves key, for me, to understanding our economy's failings well enough to even attempt thinking about ways to improve things for the future. ( To the failings! )